itc tobacco share price faces medium-term earnings hit from sharp tax hike Shares of tobacco companies fell
Shares of tobacco companies fell on January 1 after the government imposed a new tax on cigarettes, making them costlier for an estimated 100 million smokers in India. The selling pressure was ITC The Budget Stock ITC's cigarette revenue growth takes a drag; should investors be concerned? Experts prefer TCS over Godfrey Phillips & VST Industries: ITC share prices fall 15% in 1 month; Godfrey Phillips down 25%
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